CIA Melhoramentos deo Paulo (BSP:MSPA3) Debt-to-EBITDA : -8.85 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:MSPA3 CIA Melhoramentos de Sao Paulo BSP:MSPA3
51 GF Score
Price R$40.30
GF Value R$45.69
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is CIA Melhoramentos deo Paulo Debt-to-EBITDA?

CIA Melhoramentos deo Paulo BSP:MSPA3 51 Debt-to-EBITDA is -8.85 as of Mar. 2026. GuruFocus rates BSP:MSPA3 with a GF Score™ of 51/100 and a GF Value™ of R$45.69 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 208 Forest Products companies, CIA Melhoramentos deo Paulo ranks worse than 97.6% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

CIA Melhoramentos deo Paulo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$60.0 Mil. CIA Melhoramentos deo Paulo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$152.3 Mil. CIA Melhoramentos deo Paulo's annualized EBITDA for the quarter that ended in Mar. 2026 was R$-24.0 Mil. CIA Melhoramentos deo Paulo's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -8.85.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for CIA Melhoramentos deo Paulo's Debt-to-EBITDA or its related term are showing as below:

BSP:MSPA3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -108.18   Med: 0.36   Max: 41.61
Current: 41.61

During the past 13 years, the highest Debt-to-EBITDA Ratio of CIA Melhoramentos deo Paulo was 41.61. The lowest was -108.18. And the median was 0.36.

BSP:MSPA3's Debt-to-EBITDA is ranked worse than
97.6% of 208 companies
in the Forest Products industry
Industry Median: 3.225 vs BSP:MSPA3: 41.61

CIA Melhoramentos deo Paulo  (BSP:MSPA3) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


CIA Melhoramentos deo Paulo Debt-to-EBITDA Related Terms


CIA Melhoramentos deo Paulo Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for CIA Melhoramentos deo Paulo's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CIA Melhoramentos deo Paulo Debt-to-EBITDA Chart

CIA Melhoramentos deo Paulo Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -108.18 4.56 2.26 3.72 18.63

CIA Melhoramentos deo Paulo Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,598.65 -80.38 19.40 5.69 -8.85

BSP:MSPA3 vs SSD, UFPI, BCC: Debt-to-EBITDA Comparison

For the Lumber & Wood Production subindustry, CIA Melhoramentos deo Paulo's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CIA Melhoramentos deo Paulo Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, CIA Melhoramentos deo Paulo's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where CIA Melhoramentos deo Paulo's Debt-to-EBITDA falls into.


BSP:MSPA3
51GF Score
CIA Melhoramentos de Sao Paulo BSP:MSPA3
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CIA Melhoramentos deo Paulo Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

CIA Melhoramentos deo Paulo's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(45.851 + 160.934) / 11.102
=18.63

CIA Melhoramentos deo Paulo's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(59.976 + 152.262) / -23.984
=-8.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -8.85 mean?
CIA Melhoramentos deo Paulo (BSP:MSPA3) has a Debt-to-EBITDA of -8.85 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CIA Melhoramentos deo Paulo. According to the industry distribution chart, CIA Melhoramentos deo Paulo ranks #203 out of 208 companies in the Forest Products industry, placing it in the top 97.6%.
Is CIA Melhoramentos deo Paulo's Debt-to-EBITDA too high?
CIA Melhoramentos deo Paulo's current Debt-to-EBITDA is -8.85. Based on the distribution chart, CIA Melhoramentos deo Paulo ranks #203 out of 208 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, CIA Melhoramentos deo Paulo has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CIA Melhoramentos deo Paulo's Debt-to-EBITDA compare to SSD and UFPI?
According to the Forest Products industry distribution chart, CIA Melhoramentos deo Paulo ranks #203 out of 208 companies for Debt-to-EBITDA. This places CIA Melhoramentos deo Paulo in the lower half of its industry. The industry median Debt-to-EBITDA is 3.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.23, based on 208 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on CIA Melhoramentos deo Paulo. For the Forest Products industry, the median Debt-to-EBITDA is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CIA Melhoramentos deo Paulo's current Debt-to-EBITDA is -8.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CIA Melhoramentos deo Paulo stock overvalued right now?
Based on GuruFocus' analysis, CIA Melhoramentos deo Paulo (BSP:MSPA3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$45.69, compared to a current price of R$40.30 — trading 11.8% below its estimated fair value. The current Debt-to-EBITDA is -8.85. CIA Melhoramentos deo Paulo's overall GF Score™ is 51/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For CIA Melhoramentos deo Paulo (BSP:MSPA3), the current Debt-to-EBITDA is -8.85 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CIA Melhoramentos deo Paulo (BSP:MSPA3) Overvalued in 2026?

Based on GuruFocus' analysis, CIA Melhoramentos deo Paulo stock appears to be undervalued. The current stock price of R$40.30 is trading 11.8% below its estimated GF Value™ of R$45.69. GuruFocus considers CIA Melhoramentos deo Paulo to be Modestly Undervalued.

Key valuation signals for BSP:MSPA3:

  • Debt-to-EBITDA: -8.85
  • GF Value™: R$45.69 vs. price of R$40.30 (11.8% below fair value)
  • GF Score™: 51/100 with 5 warning signs

No single metric tells the full story. See the BSP:MSPA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CIA Melhoramentos deo Paulo Business Description

Other Exchanges MSPA4:Brazil
Address Rua Tito 479, Sao Paulo, SP, BRA, 05051000
CIA Melhoramentos de Sao Paulo primarily engages in publishing business in Brazil. It offers paperback and digital books primarily for children, teenagers, and schools; cooking books; and customized books for companies. The company also engages in developing and maintaining forests; conducting reforestation activities of pines and eucalyptus; and urban, industrial, or infrastructure projects of real estate development. In addition, it is involved in the production of fibers, such as thermo ground wood, Bleached Thermo Ground Wood and Neolux Fibers, used as raw material for the production of paperboard, tissue and special papers.
51GF Score

Get the complete analysis for BSP:MSPA3

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$40.30
Price
R$45.69
GF Value